Wells Fargo & Company MN Sells 14,937 Shares of Standex Int’l Corp. (NYSE:SXI)

Wells Fargo & Company MN cut its holdings in Standex Int’l Corp. (NYSE:SXI) by 17.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 70,824 shares of the industrial products company’s stock after selling 14,937 shares during the period. Wells Fargo & Company MN’s holdings in Standex Int’l were worth $5,180,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SXI. Dimensional Fund Advisors LP lifted its stake in Standex Int’l by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 610,891 shares of the industrial products company’s stock worth $41,039,000 after purchasing an additional 7,929 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Standex Int’l by 334.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,923 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 2,250 shares during the last quarter. Texas Permanent School Fund lifted its stake in Standex Int’l by 2.3% in the first quarter. Texas Permanent School Fund now owns 8,591 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 196 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Standex Int’l in the first quarter worth $260,000. Finally, California Public Employees Retirement System lifted its stake in Standex Int’l by 60.2% in the first quarter. California Public Employees Retirement System now owns 22,031 shares of the industrial products company’s stock worth $1,617,000 after purchasing an additional 8,283 shares during the last quarter. 89.38% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. ValuEngine raised shares of Standex Int’l from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Standex Int’l from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Finally, William Blair reissued a “market perform” rating on shares of Standex Int’l in a research note on Wednesday, August 28th.



Shares of SXI stock traded down $2.39 during mid-day trading on Wednesday, reaching $74.01. The stock had a trading volume of 28,019 shares, compared to its average volume of 109,407. The stock’s 50-day moving average price is $67.23 and its two-hundred day moving average price is $70.64. Standex Int’l Corp. has a 52-week low of $59.28 and a 52-week high of $111.57. The firm has a market capitalization of $972.30 million, a PE ratio of 18.36 and a beta of 1.41. The company has a current ratio of 2.36, a quick ratio of 1.73 and a debt-to-equity ratio of 0.43.

Standex Int’l (NYSE:SXI) last released its quarterly earnings data on Monday, August 26th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.10). Standex Int’l had a net margin of 8.58% and a return on equity of 10.92%. The firm had revenue of $209.20 million during the quarter, compared to analysts’ expectations of $207.38 million. During the same quarter in the previous year, the firm posted $1.60 EPS. Standex Int’l’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Standex Int’l Corp. will post 4.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 8th. Standex Int’l’s payout ratio is 19.85%.

Standex Int’l Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

Further Reading: Bar Chart

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Institutional Ownership by Quarter for Standex Int`l (NYSE:SXI)

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